First Independent Mena Newspaper
The Democratic Republic of Congo (DRC) and the United States are engaged in preliminary talks over a potential minerals-for-security agreement, which could reshape global supply chains for critical minerals. It comes as U.S. president Donald Trump recently vowed to take “historic action” to “dramatically expand production of critical minerals and rare earths.” Under the proposed […]
The United States’ ambitions to de-risk its critical minerals from China’s supply chains may be complicated by Chinese control of cobalt and other resources from Africa, most notably the Democratic Republic of Congo (DRC), a new study finds. The study, recently released by the London-based minerals research and pricing firm Benchmark Mineral Intelligence, found that […]
Managem, a Moroccan mining company, said it lowered cobalt production at its Bou Azzer mine due to falling prices, as it reports a drop in first quarter revenue. The company opted for “preserving resources” in this low prices context, it said in a statement, noting a 13% drop in first quarter revenue. Cobalt is a […]
Africa will play a “huge role” in America’s critical mineral strategy, says US Deputy Treasury Secretary Wally Adeyemo who used his five-day trip to South Africa to express his country’s ambitions of securing metals needed for the global energy transition. Africa’s natural richness, which includes many so-called critical minerals, such as chromium, cobalt, copper, gold, […]
The martial Court of the Democratic Republic of Congo is set to judge the commander of the 22nd military region of the Central African country for stealing 120 tons of copper cathode belonging to Tenke Fungurume Mining SA, one of the country’s largest copper and cobalt producers. The commander, who has not been named, has […]
The Democratic Republic of Congo (DRC) and the United Arab Emirates (UAE) have signed a mining deal worth $1.9 billion for which the Gulf country will develop several mining fields. The deal was signed Monday with state miner “Société Aurifère du Kivu et du Maniema”, “Zawya” reports, citing a statement from the Congo’s President Felix […]
Namibia’s government has banned the export of unprocessed lithium and other critical minerals to capitalize on the growing global demand for metals used in clean energy technologies. The move prohibiting the export of unprocessed crushed lithium ore, cobalt, manganese, graphite and rare-earth metals and elements is in line with the South African country’s aim to […]
Angola, Zambia and Democratic Republic of Congo (DRC) have agreed to establish a new agency that will oversee the development and joint management of a trade corridor to and from the Atlantic Ocean port of Lobito, which could mean lost business for South African ports. The Lobito Corridor Management Institution will facilitate trade from Zambia […]
Renault Group will buy Moroccan cobalt from Managem starting from 2025 as it seeks to bolster battery production for its electric vehicles. A memorandum of understanding was signed between the two companies amid higher demand for low carbon cobalt from carmakers. Under this deal, Managem will supply 5000 tons of sulfate cobalt annually for a […]
The German carmaker BMW announced Tuesday it will from next year stop sourcing cobalt mineral from DR Congo and will shift to Morocco and Australia where working conditions are acceptable and not linked to child labor. The German company is planning to start producing electrical cars next year. BMW and other world carmakers are under […]